We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
We're aware that some users are currently experiencing errors on the Forum. Our tech team is working to resolve the issue. Thanks for your patience.
Is London ready for the Big Squeeze?
Comments
-
Dirk_Rambo wrote: »I have a cousin who lives in London. She's been trying to sell her flat for the last 18 months and its no go even though she's dropped the asking price 2 times, the market is stone dead
In South London I know a couple of people trying to sell flats with no luck at all. At the same time selling houses do not seem to be much of a problem as at least one person I know sold within 2 weeks and the market round my way seems healthy with houses going under offer at a reasonable pace.0 -
I just can't see rates rising any time soon. Ask Roger Bootle at CE if you want more details.
He is the only one who says that though - find me another economist who doesn't think interest rates are going to rise soon.
Or another man on the street.
Hell, you know it too - that's why you're worried enough to post that.0 -
He is the only one who says that though - find me another economist who doesn't think interest rates are going to rise soon.
Or another man on the street.
Hell, you know it too - that's why you're worried enough to post that.
What a bizarre post? I'm worried? :rotfl:
Another economist who doesn't think rates will rise????If M4 growh continues to fall it is highly unlikely that the BoE will unwind QE let alone increase interest rates.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
I just don't see rates rising any time soon. M4 and FX rates hold the key still. While M4 is falling away, I don't see how inflation can take hold unless Sterling really falls of a cliff.0 -
He is the only one who says that though - find me another economist who doesn't think interest rates are going to rise soon.
Or another man on the street.
The BOE perhaps
or
http://www.thisismoney.co.uk/news/article.html?in_article_id=504354&in_page_id=2Howard Archer, economist at City research firm IHS Global Insight, said: 'Bottom line - is interest rates are going nowhere anytime soon. The Inflation Report and Mr. King's accompanying comments reinforce our belief that the Bank of England will keep interest rates down at 0.50% for many more months to come, and very possibly into 2011.
'We also retain the view that whenever interest rates do start to rise, the increases are likely to be gradual and limited due to the need to offset the marked tightening in fiscal policy that is on the way.0 -
out of everywhere in the country it's one of the places that will be the best prepared for the big squeeze.Is London ready for the big squeeze?
cherry picking examples for a [STRIKE]Daily Mail[/STRIKE] Evening Standard article doesn't indicate sentiment for a city that has 10-12 million people living in it...0 -
out of everywhere in the country it's one of the places that will be the best prepared for the big squeeze.
cherry picking examples for a [STRIKE]Daily Mail[/STRIKE] Evening Standard article doesn't indicate sentiment for a city that has 10-12 million people living in it...
My fears for the UK are areas like the North East which are dependent on the Government for up to 70% of GDP and don't vote Tory or Lib Dem. They must be very vulnerable to a squeeze right now, even just a simple policy of introducing a local income tax and at the same time reducing London and the South's subsidy to the rest of the UK.0 -
Look at the date of the article you posted - you forget we've had v high inflation figures since - highest for 19 years.0 -
Look at the date of the article you posted - you forget we've had v high inflation figures since - highest for 19 years.
10th of May 2010, It was forecast to go up Carol so I don't think 2 days before the inflation report many economists got a surprise do you?.
You seem desperate that rates go up to cause problems, but as proven most economist still do not think rates will shoot up like you think/want.
The economy will remain to be targeted more than inflation while growth is so weak/delicate.0
, I'm not sure his opinions carry as much weight as 'official' economists.
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards